ZURICH--SMI dips 0.16% to 8226.55. Pharmaceutical firm Actelion makes up ground lost Tuesday, and is the best-performing issue in the index with a 1.52% gain. Credit Suisse, the country's second-biggest bank, registers a 0.89% gain by the close. Julius Baer sees a 0.2% gain, while UBS, the country's biggest bank, sees a 0.44% decline. Other decliners include Zurich Insurance, down 0.15%, and watch maker Swatch Group, down 0.8%.

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